What are the benefits of joining a property owners' association?

A:

Quick Answer

The benefits of joining a property owners' association include efficient conservation of resources, facilitation of home ownership, increased participation in community activities, easier resale of property and less involvement of local government in the resolution of disputes. Property owners' associations are a type of smart-growth initiative aimed at conserving resources.

By joining these associations, property owners can participate in waste removal, water retention and maintenance of public facilities at the community level. Some claim that this type of management of resources is more effective than conventional local government management.

In addition, the associations form an avenue of people able to purchase property because the economies of scale make home ownership a simpler and more affordable process.

When the economy is performing badly, the associations can come in handy in terms of intervening to preserve the property, make resale easier and maintain the property exterior.